2007–2008 AAA COMMITTEES

REGULATION COMMITTEE

Charge:

Conduct activities to promote and facilitate analysis, discussion and debate on various aspects of financial, accounting, auditing, and independence regulation. This includes actions, as well as lack of actions, by federal, state, multi-national, as well as independent regulatory bodies (e.g., Securities and Exchange Commission, the Public Company Accounting Oversight Board, AICPA, IFAC, and the state attorneys general). Specifically:

1. Organize forums and activities to analyze and discuss the decisions, proposals, and actions of regulators in collaboration with the AAA Program Committee and the Sections and Regions of the AAA. Collaboration with Auditing, FARS, and International sections and the mid-year meetings of the regions could be especially helpful. These sessions could include academic papers, roundtable discussions (including members of the SEC, PCAOB, and Congress, etc.) or debates among interested parties. Preferably, current topics of interest will be explored, analyzed and debated.
2. When appropriate, write position papers as informed, research-based feedback to the regulatory bodies, and disseminate them among the members of AAA and others. Coordination with various AAA, section and region committees would be especially helpful.
3. Inform the AAA membership of significant regulatory developments, including periodic reports by the various SEC Academic Accounting Fellows in AAA newsletters.
4. Help the SEC and other regulators in their efforts to recruit academic fellows and to provide continuing education.
5. Provide a progress report to the Executive Committee liaison in time to be included in the agenda book for each Executive Committee meeting.

Chair:

Terry Warfield
University of Wisconsin-Madison
twarfield@bus.wisc.edu

Members:

EC Liaison:

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